Ltcusdshort
LTC hitting this trendline. Bounce or move down?LTC is interesting right now. It's really similar to ETH in that it's hitting this trend line and that it needs confirmation for a confirmed move down. Could it continue going up from here? Sure, but I am on the sidelines until we get some more direction.
RSI is confirming divergence
MACD is looking to cross here, but you need confirmation
This 140 level should provide a bounce. I prefer the 125 area, and if we break 140 we are going there, maybe 130. but it will be in that area.
Happy Trading,
-Sherem
Lirecoin. Agressive Long
Yesterday's idea brought us another 4% profit. And so my strategy alone has brought us more than 25% profit. We have short when they were all in long, we have short pattern, we had long when all short. Goal the middle of the channel
Litecoin's Correction Overview. Triangle>?
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Also I have my own alarm group, so if you like and subscribe, so you will give me the motivation to fight with my laziness. All the best
Litecoin. Updated Levels and Scenario
In the previous idea, we traded a triangle and got a 10% profit. Updated levels and channel in this idea. Those who are not in positions noted level rollback where to buy it
Litecoin Elliott wave analysis: 4 hr tfMy previous post for Litecoin (LTCUSD) can be found here:
It was mentioned in this post that the price swing for Litecoin (LTCUSD) was either shaping up as a correction or just terminated a Minute wave ((iii)) position.
After further review, 7 swings in price action from ~$113.08 on April 10, 2018 to ~$165.47 (price close) on April 24, 2018 can be identified which indicates that there is a higher chance of the move been corrective as opposed to impulsive. 7 swings in price action is corrective in nature.
The labels used in the analysis have therefore been adjusted accordingly to reflect the corrective mode, with a Minor Wave W used to reflect the termination of price at the mentioned price close of ~ $165.47. The implication of the above is that the price of Litecoin (LTCUSD) should head higher once the present correction (Minor Wave X) is complete.
Possible regions of termination of Minor wave X include Support 1 which lies in the region of a 61.8% (~$133.17) of the previous price swing so there is a good chance that Litecoin (LTCUSD) will target this support area.
If not, a lower target (Support 2) is between ~$128.38 and $124.697.
Ascending Triangle or head and shoulders? LTCMy bias on LTC is also Bearish right now. But that doesn't mean I won't trade it to the upside. While these ascending triangle formations are traditionally bullish for a break to the upside, we could also just be forming a Head and Shoulders pattern? Which is it?
The upside play:
caution Higher risk trade: throw a buy stop above 155 for a move to 165 and possibly beyond.
Downside play:
Head and shoulders finishes forming and breaks down, we could go all the way to 120 if not lower.
Happy Trading!
-Sherem
Litecoin heading to 226If you look at the bigger picture, you will find LTC forming a beautiful inverse H/S pattern indicating we are due for a breakout soon @ 165.
It will not take too long and we can be there as soon as next weekend.
So don't loose patience as it will be rewarded soon.
Signal #6. LTCUSD. SHORT SIGNAL
I'll make 7-8 signals. You will appreciate the quality of working them out. And if it suits you, as well as me. I already create a ready signal service with a paid subscription of$ 20 a month. Agree tempting?And also as I and spoke training some their strategies and intricacies of....... provided
LTCUSD(Litecoin) 4hr tf updateMy previous post on Litecoin can be found here:
In the post above, I mentioned that Litecoin would target between ~$142.76 and ~$146.29 (Target area) which is again shown in this post.
Litecoin (LTCUSD) currently has reached this target area. The entire structure from ~$109.89 on April 1,2018 based on this analysis thus represents a regular flat Elliott wave structure.
Minute wave ((c)) = ~138.2% of Minute wave ((a)) at ~$146.61 (region of target area).
The implication of the above is therefore to anticipate a correction from the target area to further support the possibility of higher prices for Litecoin.
Support area 1 for Litecoin as shown in this analysis is ~$133.92 and ~$131.48
Support area 1 for Litecoin is between ~$128.67 and ~$125.57
Point of invalidation (POI) for this analysis is a price close above ~$152.33 at which point Minute wave ((c)) = ~161.8% of Minute wave ((a)) which is highly unlikely for wave c of a regular flat Elliott wave structure
Swing Trading with Litecoin. Strength
I was talking about litecoin yesterday. He began to have his own schedule. This is due to the news of the Lee Wall about listing this coin on the stock exchange. I think the main impulse is not over yet. Watch the channel. Given this fundamental analysis yesterday I managed to make a 6% profit
LTCUSD (Litecoin) 4hr tf analysisPrice action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)).
The target area is therefore between ~$142.76 and ~$146.29.
Point of invalidation (POI) for the analysis is a price close below ~$111.46
Litecoin (LTCUSD) bears in charge (4hr tf analysis)Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09.
A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to terminate within the target area indicated on the chart i.e. between the
38.2% (~$137.13 )and 50% (~$143.71) retracement of minute wave ((iii)).
Another round of sell off should follow the termination of minute wave ((iv)). Projection for the end of the sell off is ~$52.26.
Point of invalidation (POI) for this analysis is placed just above 61.8% of minute wave ((iii)) by minute wave ((iv)), and is ~$152.77
LTC Nearing Decision Time for 15-25% SwingFollowing yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming.
Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders.
As price action nears the APEX of the diamond, watch for a breakout of the Diamond and confirmation of either a bottom or a half-staff continuation.
Price targets on chart for breakout in either direction.
Breaking up out of the descending triangle before it forms would be a preliminary bullish indicator. A move to the upper trend line would further support the bullish scenario.
Moving down to the bottom trend line of the potential descending triangle would confirm the pattern and support a bearish scenario.
thepatternsite.com
LTC Forming Potential Diamond for 10% swing.LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.
More on the diamond here: thepatternsite.com
LTC looking to push downPosition: Bearish
We were stopped out of our last trade for profit. Right now we are sitting on this larger Trendline and it looks like it's starting to break through to confirm the move to the downside. It will probably chop it's way down past this 142-138 area as we have a trendline and support point. We do have MACD in favor of this, but RSI is starting to hit a low. If it break these 140 area lows. Look for a target 110-120 area for a bounce.
For an upside break, we need this this $155 level broken, which could coincide with breaking the trend line. Next level on the upside is 175 if that happens.
Happy Trading
-Sherem
Litecoin Price channel: 4hr tf analysisLitecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date.
The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid trendline requires two points of contact).
A breakout above the upper line of the channel could the see price of Litecoin reach a target of ~ $220.67. This is calculated by vertically projecting the width of the channel onto the break out point. I used $120.29 as the bottom of the channel and $170.48 as the top of the channel here. Therefore $170.48 - $120.29 = $50.19. Adding this to the too ($170.48) gives $220.67.
Failure to close above the channel could see Litecoin return to the bottom of the channel at ~$120.29
LITECOIN before IMPULSE PHASE.Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that long correction in wave "B" or "2", soon should be over.
Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position for 400$;
"Short term target": 240 - 260$;
"Middle term targets": 300 -320$;
"Long term targets": 370 - 400$.
(Teh main invalidation for all targets is 103.90)
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